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HDFC Q2 NII seen up 17%, dividend may boost profit by 16.4%

Net interest income, the difference between interest earned and interest expended, may increase 17 percent to Rs 2,197.2 crore in quarter ended September 2015 compared to Rs 1,878.4 crore in same quarter last year.

Housing Development Finance Corporation (HDFC), the country’s largest housing finance company, is expected to report a 16.4 percent year-on-year growth in profit at Rs 1,579.4 crore for July-September quarter. Dividend income, which was defferred last quarter, from HDFC Bank may drive profitability. The company will announce its earnings on October 26.

Net interest income, the difference between interest earned and interest expended, may increase 17 percent to Rs 2,197.2 crore in quarter ended September 2015 compared to Rs 1,878.4 crore in same quarter last year.

Sale of investments may be lower during the quarter. Analysts expect that around Rs 40-45 crore in Q2FY16 compared to Rs 104 crore in Q2FY15.

Other parameters such as spreads (around 2.3 percent), gross non-performing loans and loan growth (around 14-16 percent) may be stable in September quarter.

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